OCC official testifying before Congress on Democratic pressure regarding a crypto trust charter application
OCC official testifying before Congress on Democratic pressure regarding a crypto trust charter application
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OCC head says Democrats apply sole political pressure on World Liberty Charter

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The head of the Office of the Comptroller of the Currency told lawmakers Thursday that his agency faces political pressure only from Democrats over a trust charter application tied to President Donald Trump's family crypto firm.

Comptroller Jonathan Gould testified before the House Financial Services Committee during a hearing that also covered stablecoin rules under the GENIUS Act. Representative Gregory Meeks, a New York Democrat, questioned whether Gould was

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Initial X reactions focused on the OCC chief's testimony denying Trump administration influence and claiming sole Democratic political pressure on the World Liberty Financial charter. Accounts shared direct quotes and summaries from CoinDesk coverage, with some noting implications for regulatory clarity and independence. High-engagement posts from crypto news outlets dominated, alongside neutral user summaries highlighting the congressional hearing context.

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U.S. voters expressing distrust in Trump administration's cryptocurrency oversight per CoinDesk poll, illustrated with poll graphic and symbolic crypto elements.
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CoinDesk poll shows U.S. voters distrust Trump administration on crypto oversight

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A new CoinDesk survey reveals that 62% of U.S. voters do not trust President Donald Trump's administration to oversee the cryptocurrency sector. The poll, conducted last week among 1,000 registered voters, also highlights widespread opposition to government officials holding personal stakes in crypto. Findings underscore low public enthusiasm for digital assets ahead of the 2026 midterms.

Senator Elizabeth Warren has raised concerns over the approval of national trust bank charters for cryptocurrency companies. In a letter to the Comptroller of the Currency, she argued that nine such approvals violated the National Bank Act.

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A bipartisan group of U.S. senators has called on the Treasury Department to create a clear process for states to demonstrate their ability to supervise stablecoins under the GENIUS Act.

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